Market should not go lower than 84.737106 - 84.365517. After this move down it should go up to 85.341690 - 85.574684 area.

Technical Forecast

  • Elliott Wave

    resistance in an extended wave down

Key Points

  • Key Point84.77
  • Entry Point85.18
  • Trendline 185.65
  • Trendline 285.68
  • Elliott87.67
  • Closing84.83
  • Ex-Low84.64
  • Ex-High85.85
  • Projection83.94

Supports and Resistance levels

  • Support 184.37
  • Support 283.90
  • Resistance 185.57
  • Resistance 286.32
  • Pivot85.11

Market should not go lower than 83.847610. After this move down it should go up to 86.401665 area.

Technical Forecast

  • Elliott Wave

    resistance in an impulse wave down

Key Points

  • Key Point84.54
  • Entry Point85.57
  • Trendline 186.83
  • Trendline 286.43
  • Elliott89.08
  • Closing84.83
  • Ex-Low84.64
  • Ex-High87.09
  • Projection83.43

Supports and Resistance levels

  • Support 183.95
  • Support 283.07
  • Resistance 186.40
  • Resistance 287.97
  • Pivot85.52

It looks more likely that it would rise to 88.503372 - 89.981743 from 86.859756 or 86.120567. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point86.16
  • Entry Point87.37
  • Trendline 187.22
  • Trendline 287.31
  • Elliott90.31
  • Closing87.03
  • Ex-Low86.69
  • Ex-High89.08
  • Projection85.45

Supports and Resistance levels

  • Support 186.12
  • Support 285.22
  • Resistance 188.50
  • Resistance 289.98
  • Pivot87.60